A very British binge: The housing market is a huge problem in Britain. Blame the government, not the banks

A very British binge: The housing market is a huge problem in Britain. Blame the government, not the banks

May 24th 2014 | From the print edition

HAVING risen by 8% in the past year, British house prices are almost back to the double-digit pace that preceded the financial crisis. That parallel makes many anxious. Vince Cable, the business secretary, calls runaway house prices a “real, real, real worry”. Sir Jon Cunliffe, the central banker responsible for Britain’s financial stability, says housing is “too dangerous to ignore”. David Cameron, the prime minister, describes the rampant market as the biggest risk to Britain’s recovery.

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Vancouver, the New Tech Hub

http://www.businessweek.com/articles/2014-05-22/vancouver-welcomes-tech-companies-hampered-by-u-dot-s-dot-work-visa-caps

Vancouver, the New Tech Hub

By Karen Weise May 22, 2014

In the heart of downtown Vancouver, construction workers are installing glass facades on two office towers. One will be an engineering hub for Microsoft (MSFT), the other for Amazon.com (AMZN). Facebook (FB), Salesforce.com (CRM), and a bunch of startups with less familiar names have also been setting up shop in the city. In addition to great views in a convenient time zone, Vancouver offers U.S. tech companies world-class talent, lower salaries, and few immigration headaches. Read more of this post

Companies and the Clouds They Keep; While Salesforce has a head start in the race to build a cloud platform, Amazon could emerge as the winner

http://www.businessweek.com/articles/2014-05-22/cloud-platform-race-salesforce-leads-amazon-microsoft-google

Companies and the Clouds They Keep

By Peter Burrows May 22, 2014

After co-founding Salesforce.com (CRM) in 1999, Marc Benioff spent years preaching the gospel of its radical new business model, cloud computing. The days of the hard sell are long gone, Benioff says. Just this month, the Salesforce chief executive officer played host to News Corp. (NWSA) Chairman Rupert Murdoch and Wal-Mart Stores (WMT) CEO Doug McMillon, who’d traveled to Silicon Valley to hear how Salesforce could help them cut costs and increase sales. Read more of this post

China’s War on English; To bolster Chinese language and culture, the government is demoting English in schools

http://www.businessweek.com/articles/2014-05-22/china-moves-to-protect-its-language-from-english

China’s War on English

By Dexter Roberts May 22, 2014

Chinese authorities are waging a war on American culture and the use of English. In April, China’s media regulators yanked the popular U.S. television shows The Big Bang TheoryNCIS, and The Good Wife from Chinese streaming websites Sohu (SOHU) andYouku (YOKU). The official party newspaper, People’s Daily, ran two editorials in April bemoaning the use of words borrowed from English when speaking Chinese. Then in mid-May came a flurry of reports in the state media confirming plans announced last fall to reduce the importance of English-language instruction and to expand courses on traditional culture in grade school and high school. Read more of this post

Due to a squabble between KB Financial Group and Kookmin Bank, the effectiveness of financial holding groups’ corporate governance is being questioned nearly 15 years after the government adopted the system

Structure of bank groups is called into question

Political appointees are issue

May 23,2014

Due to a squabble between KB Financial Group and Kookmin Bank, the effectiveness of financial holding groups’ corporate governance is being questioned nearly 15 years after the government adopted the system. Read more of this post

China’s largest steel trader, China Minmetals Corp opened its e-commerce platform to other dealers to help the sector handle overcapacity and a credit crunch

Steel traders in China look to the internet to solve woes

Xinhua

2014-05-23

China’s largest steel trader, China Minmetals Corp (CMC), on Tuesday opened its e-commerce platform to other dealers to help the sector handle overcapacity and a credit crunch. Read more of this post

50 Blogs Every Serious Trader Should Read

50 Blogs Every Serious Trader Should Read

By Justin Kuepper May 22, 2014

Financial blogs can provide a great source of information for both new and veteran traders, whether they’re providing general market commentary, educational content, or actionable trade ideas. Many of these blogs are maintained by some of the top investors, traders, and economists in the world, with insights that can help traders formulate ideas and enhance long-term returns. In this article, we’ll take a look at the top 50 financial blogs that every trader should be following to learn and profit. Read more of this post

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